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Stephen L. Norris is an American businessman, investor, and financier. He was one of the co-founders of The Carlyle Group, an American private equity firm. He was later owner and founder of Stephen Norris Capital Partners and the chairman of Gulf Capital Partners.

Education

Norris received a BS (1972) and a JD (1975) from the University of Alabama.^[1] He received an LLM from New York University (1976).^[1]

Career

Marriott

Norris's early career was spent at Marriott Corporation, where as a tax and mergers and acquisitions specialist^[2] he became a corporate vice president.^[3] He was a principal strategist and advisor for Marriott's public and private financings, limited partnerships, acquisitions, and divestitures from 1981 to mid-1987.^[1]

Carlyle Group

In October 1987, Norris co-founded the private-equity firm The Carlyle Group with four other Washington DC executives: David M. Rubenstein, William E. Conway, Jr., Daniel A. D'Aniello, and Greg Rosenbaum.^[3]

At Carlyle, Norris was particularly connected to the Arab states of the Persian Gulf; for instance in 1991 he helped arrange a $590 million investment in Citicorp by the Saudi Prince Waleed bin Talal bin Abdulaziz Al Saud.^[4] The Washington Post reported in 1995 that at Carlyle "Norris spent his time arranging one-shot, high-profile international business deals for a handful of wealthy Saudi investors, such as Prince Waleed Bin Talal Bin Abdulaziz Al Saud. He is not interested in the tedious work of managing firms, or looking after funds raised from pools of investors."^[4]

Norris left the Carlyle Group in January 1995, with the intention of forming his own boutique investment organization.^[4] Norris and Carlyle's other partners all said they had been moving in different directions in recent years.^[4] Carlyle co-founder Rubenstein said that Norris "wants to do different types of deals from what we want to do."^[4]

From 1992–1995 Norris also served as one of the five board members of the Federal Retirement Thrift Investment Board.^[1]

SCO Group assets and UnXis

The interest of Stephen Norris Capital Partners in the SCO Group started in February 2008, when it put forward a $100 million reorganization and debt financing plan for the failing company, which it planned to take private.^[5]^[6] There was also an unnamed Middle East partner in the proposed deal; the Associated Press reported that Prince Al-Waleed bin Talal of Saudi Arabia was involved.^[7]

After a few months of due diligence investigation of SCO's operations, finances, and legal situation,^[8] Stephen Norris Capital Partners considered a different course of action, instead proposing to purchase SCO assets outright.^[9]^[10]^[11]

Neither of those plans went forward,^[12] and instead in June 2009 a new proposal emerged from a combination of Gulf Capital Partners, of which Stephen Norris was an investor, and MerchantBridge, a London-based, Middle East-focused private equity group, to create an entity called UnXis, which would then buy SCO's software business assets for $2.4 million.^[13]^[14]

That plan did not move forward either. In April 2010, SCO's mobility software assets were sold to its former CEO, Darl McBride, for $100,000.^[15] In September 2010 the SCO Group put up the remainder of its non-lawsuit assets for public auction.^[16] Thus in February 2011, another proposal was made, this time for $600,000, with this iteration of UnXis being backed by Norris, MerchantBridge, and Gerson Global Advisors.^[12]

Some industry analysts were unsure of why Norris and his partners were wanting to acquire the SCO Unix software assets. In 2008 Ryan Paul of Ars Technica noted that "UnixWare, SCO's flagship product, hasn't seen a new release in four years."^[5] Veteran technology journalist Maureen O'Gara in 2011 called UnXis an "odd venture" which had "been offering to buy SCO since mid-2009 for reasons that aren't patently obvious to anybody."^[17]

In early March 2011, the bankruptcy court approved the sale of the Unix computer operating system to Norris's new company UnXis, since the only other bid submitted was for $18.^[18] The sale closed in April 2011, with Stephen Norris Capital Partners and MerchantBridge being the final buyers, and UnXis was formed in substance.^[19] MerchantBridge had 25 percent ownership of UnXis and Gulf Capital Partners had another 25 percent.^[17]

UnXis took over the product names, ownership, and maintenance of The SCO Group's flagship operating system products, OpenServer and UnixWare,^[20]^[21] and some 32000 service contracts for existing SCO Group customers.^[22]^[23]^[19]

The SCO Group's litigation rights against IBM and Novell did not transfer to UnXis, and The SCO Group subsequently renamed itself to The TSG Group.^[19]^[21] UnXis indicated that it had no involvement or interest in any ongoing aspects of those actions, stating "There is no place for litigation in our vision or plan",^[20] and UnXis was indemnified from any legal costs of ongoing litigation.^[22]

UnXis was initially headquartered in Las Vegas, Nevada.^[22] Its CEO was Richard Bolandz,^[19] who was a former CIO of Qwest Communications.^[20] Norris was chair of the board of UnXis and Eric Le Blan, a senior partner with MerchantBridge, was vice-chair.^[17] Several existing SCO Group executives took on C-Suite level positions.^[17]

In June 2013, UnXis changed its name to Xinuos.^[24]

Other ventures

In July 2014, Norris joined the board of the Florida-based company Global Digital Solutions.^[25]

References

^ ^a ^b ^c ^d "Form S-1". Securities and Exchange Commission. Global Digital Solutions. September 17, 2014. Retrieved April 7, 2024.
^ Briody, Dan (2003). The Iron Triangle. John Wiley & Sons. pp. 51–59. ISBN 978-0-471-46969-8.
^ ^a ^b Vise, David A. (October 4, 1987). "Area Merchant Banking Firm Formed". The Washington Post. Retrieved April 15, 2024.
^ ^a ^b ^c ^d ^e Mintz, John (January 8, 1995). "Founder Going Beyond The Carlyle Group". The Washington Post. Retrieved April 10, 2024.
^ ^a ^b Paul, Ryan (February 15, 2008). "Private equity firm pours $100 million into SCO money pit". Ars Technica.
^ Flowers, John (February 14, 2008). "SCO Gets Up to $100 Million Financing". The Wall Street Journal.
^ "Software company SCO gets help from Norris and a Middle East investor, hopes to go private". International Herald Tribune. Associated Press. February 15, 2008.
^ Leong, Grace (April 3, 2008). "SCO negotiating new Ch. 11 plan". Daily Herald. Provo, Utah.
^ Paul, Ryan (April 3, 2008). "Bankruptcy trustee skeptical as SCO punts on reorg plan". Ars Technica.
^ Church, Steven (April 3, 2008). "Insolvent SCO scraps its reorganization plan". Deseret News. Bloomberg News. Archived from the original on April 7, 2008.
^ "SCO Tec Forum 2008". The SCO Group. Retrieved December 21, 2019. See keynote presentation, slide 39ff.
^ ^a ^b Harvey, Tom (February 14, 2011). "Utah's SCO in deal to sell Unix operating system". The Salt Lake Tribune.
^ Paul, Ryan (June 23, 2009). "SCO wants to keep waging legal war after $2.4M asset sale". Ars Technica.
^ Leong, Grace (August 26, 2009). "SCO to resume fight with Novell, IBM". Daily Herald. Provo, Utah. p. B4 – via Newspapers.com.
^ Jones, Pamela (April 7, 2010). "Darl Buys (Not Licenses) SCO's Mobility Assets for $100,000 - Updated 4Xs". Groklaw.
^ Jackson, Joab (September 16, 2010). "SCO puts Unix assets up for auction". InfoWorld.
^ ^a ^b ^c ^d O'Gara, Maureen (March 13, 2011). "Bankruptcy Court Says SCO Can Sell Its OS Assets". SYS-CON Media.
^ Harvey, Tom (March 8, 2011). "Judge approves sale of SCO's Unix system". The Salt Lake Tribune.
^ ^a ^b ^c ^d Harvey, Tom (April 11, 2011). "SCO closes sale of Unix system to Nevada company". The Salt Lake Tribune.
^ ^a ^b ^c Vaughan-Nichols, Steven J. (April 14, 2011). "SCO is dead, SCO Unix lives on". ZDNet. Archived from the original on April 17, 2011.
^ ^a ^b Harvey, Tom (August 10, 2012). "Former SCO Group wants bankruptcy converted to liquidation". The Salt Lake Tribune.
^ ^a ^b ^c Loftin, Josh (April 14, 2011). "Las Vegas company buys Unix". The Spectrum & Daily News. St. George, Utah. Associated Press. p. C2 – via Newspapers.com.
^ Hachman, Mark (April 12, 2011). "SCO Group Assets Officially Sold to UnXis". PC World.
^ "UnXis, Inc. announced today that it has changed its corporate name to Xinuos, Inc" (Press release). Xinuos. June 12, 2013.
^ "SCO Group plans to go private with $100 million investment". Deseret Morning News. Archived from the original on May 17, 2008. Retrieved 2008-03-06.

This article about a United States businessperson is a stub. You can help Wikipedia by expanding it.

[Form_S-1-1] "Form S-1". Securities and Exchange Commission. Global Digital Solutions. September 17, 2014. Retrieved April 7, 2024.

[Iron_Triangle-2] Briody, Dan (2003). The Iron Triangle. John Wiley & Sons. pp. 51–59. ISBN 978-0-471-46969-8.

[WaPo_4_Oct_1987-3] Vise, David A. (October 4, 1987). "Area Merchant Banking Firm Formed". The Washington Post. Retrieved April 15, 2024.

[Founder_Going-4] Mintz, John (January 8, 1995). "Founder Going Beyond The Carlyle Group". The Washington Post. Retrieved April 10, 2024.

[ars-2008-0-5] Paul, Ryan (February 15, 2008). "Private equity firm pours $100 million into SCO money pit". Ars Technica.

[wsj-2008-6] Flowers, John (February 14, 2008). "SCO Gets Up to $100 Million Financing". The Wall Street Journal.

[7] "Software company SCO gets help from Norris and a Middle East investor, hopes to go private". International Herald Tribune. Associated Press. February 15, 2008.

[dh-2008-8] Leong, Grace (April 3, 2008). "SCO negotiating new Ch. 11 plan". Daily Herald. Provo, Utah.

[ars-2008-9] Paul, Ryan (April 3, 2008). "Bankruptcy trustee skeptical as SCO punts on reorg plan". Ars Technica.

[10] Church, Steven (April 3, 2008). "Insolvent SCO scraps its reorganization plan". Deseret News. Bloomberg News. Archived from the original on April 7, 2008.

[11] "SCO Tec Forum 2008". The SCO Group. Retrieved December 21, 2019. See keynote presentation, slide 39ff.

[slt-2011-0-12] Harvey, Tom (February 14, 2011). "Utah's SCO in deal to sell Unix operating system". The Salt Lake Tribune.

[ars-2009-13] Paul, Ryan (June 23, 2009). "SCO wants to keep waging legal war after $2.4M asset sale". Ars Technica.

[dh-2009-14] Leong, Grace (August 26, 2009). "SCO to resume fight with Novell, IBM". Daily Herald. Provo, Utah. p. B4 – via Newspapers.com.

[15] Jones, Pamela (April 7, 2010). "Darl Buys (Not Licenses) SCO's Mobility Assets for $100,000 - Updated 4Xs". Groklaw.

[iw-2010-16] Jackson, Joab (September 16, 2010). "SCO puts Unix assets up for auction". InfoWorld.

[mog-2011-17] O'Gara, Maureen (March 13, 2011). "Bankruptcy Court Says SCO Can Sell Its OS Assets". SYS-CON Media.

[slt-2011-1-18] Harvey, Tom (March 8, 2011). "Judge approves sale of SCO's Unix system". The Salt Lake Tribune.

[slt-unxis-19] Harvey, Tom (April 11, 2011). "SCO closes sale of Unix system to Nevada company". The Salt Lake Tribune.

[zdnet-2011-20] Vaughan-Nichols, Steven J. (April 14, 2011). "SCO is dead, SCO Unix lives on". ZDNet. Archived from the original on April 17, 2011.

[slt-tsg-21] Harvey, Tom (August 10, 2012). "Former SCO Group wants bankruptcy converted to liquidation". The Salt Lake Tribune.

[ap-2011-22] Loftin, Josh (April 14, 2011). "Las Vegas company buys Unix". The Spectrum & Daily News. St. George, Utah. Associated Press. p. C2 – via Newspapers.com.

[23] Hachman, Mark (April 12, 2011). "SCO Group Assets Officially Sold to UnXis". PC World.

[name-change-24] "UnXis, Inc. announced today that it has changed its corporate name to Xinuos, Inc" (Press release). Xinuos. June 12, 2013.

[25] "SCO Group plans to go private with $100 million investment". Deseret Morning News. Archived from the original on May 17, 2008. Retrieved 2008-03-06.

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@@ Line 1: / Line 1: @@
 {{Short description|American businessman}}
 {{About|the [[private equity]] investor|the British politician|Steven Norris}}
+'''Stephen L. Norris''' is an American businessman, investor, and financier. He was one of the co-founders of [[Carlyle Group|The Carlyle Group]], an American [[private equity]] firm. He was later owner and founder of Stephen Norris Capital Partners and the chairman of Gulf Capital Partners.
-{{BLP sources|date=March 2009}}
-'''Stephen L. Norris''' is one of the co-founders of [[Carlyle Group|The Carlyle Group]], an American [[private equity]] firm, and previously the Chairman of Gulf Capital Partners.{{citation Needed|date=April 2024}} He is a former member of the [[Federal Retirement Thrift Investment Board]], who was appointed by President [[George H. W. Bush]] and confirmed by the [[United States Senate]] in 1990.{{citation needed|date=April 2024}} In July 2014, it was announced he had joined the Florida-based company Global Digital Solutions.<ref>{{cite web|url=http://deseretnews.com/dn/view/0,1249,695253189,00.html|title=SCO Group plans to go private with $100 million investment|accessdate=2008-03-06|publisher=[[Deseret Morning News]]}}</ref>
 ==Education==
@@ Line 12: / Line 11: @@
 ===Carlyle Group===
-In October 1987, Norris co-founded [[The Carlyle Group]] with four other Washington DC executives: [[David M. Rubenstein]], [[William E. Conway, Jr.]],  [[Daniel A. D'Aniello]], and [[Greg Rosenbaum]].<ref name="WaPo 4 Oct 1987"/>
+In October 1987, Norris co-founded the private-equity firm [[The Carlyle Group]] with four other Washington DC executives: [[David M. Rubenstein]], [[William E. Conway, Jr.]],  [[Daniel A. D'Aniello]], and [[Greg Rosenbaum]].<ref name="WaPo 4 Oct 1987"/>
+At Carlyle, Norris was particularly connected to the [[Arab states of the Persian Gulf]]; for instance in 1991 he helped arrange a $590 million investment in [[Citicorp]] by the Saudi Prince [[Al Waleed bin Talal Al Saud|Waleed bin Talal bin Abdulaziz Al Saud]].<ref name="Founder Going"/> The ''Washington Post'' reported in 1995 that at Carlyle "Norris spent his time arranging one-shot, high-profile international business deals for a handful of wealthy Saudi investors, such as Prince Waleed Bin Talal Bin Abdulaziz Al Saud. He is not interested in the tedious work of managing firms, or looking after funds raised from pools of investors."<ref name="Founder Going"/>
-From 1992–1995 Norris also served as one of the five board members of the [[Federal Retirement Thrift Investment Board]].<ref name="Form S-1"/>
-Norris left the Carlyle Group in 1995, with the intention to form his own boutique investment organization.<ref>{{cite news |last1=Mintz |first1=John |title=Founder Going Beyond The Carlyle Group |url=https://www.washingtonpost.com/archive/business/1995/01/09/founder-going-beyond-the-carlyle-group/7149a5b8-29e0-4422-a46c-21fd0c42d2eb/ |access-date=April 10, 2024 |work=The Washington Post |date=January 8, 1995}}</ref>
+Norris left the Carlyle Group in January 1995, with the intention of forming his own boutique investment organization.<ref name="Founder Going">{{cite news |last1=Mintz |first1=John |title=Founder Going Beyond The Carlyle Group |url=https://www.washingtonpost.com/archive/business/1995/01/09/founder-going-beyond-the-carlyle-group/7149a5b8-29e0-4422-a46c-21fd0c42d2eb/ |access-date=April 10, 2024 |work=The Washington Post |date=January 8, 1995}}</ref> Norris and Carlyle's other partners all said they had been moving in different directions in recent years.<ref name="Founder Going"/> Carlyle co-founder Rubenstein said that Norris "wants to do different types of deals from what we want to do."<ref name="Founder Going"/>
+From 1992–1995 Norris also served as one of the five board members of the [[Federal Retirement Thrift Investment Board]].<ref name="Form S-1"/>
-===SCO Group assets and Unix/Xinuos===
-The interest of Stephen Norris Capital Partners in the [[SCO Group]] started in February 2008, when it put forward a $100 million reorganization and debt financing plan for the failing company, which it would then take private.<ref name="wsj-2008"/><ref name="ars-2008-0">{{cite news | url=https://arstechnica.com/tech-policy/2008/02/private-equity-firm-pours-100-million-into-sco-money-pit/ | title=Private equity firm pours $100 million into SCO money pit | author-first=Ryan | author-last=Paul | work=Ars Technica | date=February 15, 2008}}</ref><ref name="wsj-2008">{{cite news | url=https://www.wsj.com/articles/SB120301098306668879 | title=SCO Gets Up to $100 Million Financing  | author-first=John | author-last=Flowers | newspaper=The Wall Street Journal | date=February 14, 2008}}</ref>  There was also an unnamed Middle East partner in the proposed deal; the [[Associated Press]] reported that Prince [[Al-Waleed bin Talal]] of Saudi Arabia was involved.<ref>{{cite web|url=http://www.iht.com/articles/ap/2008/02/15/business/NA-FIN-US-SCO-Group-Investors.php|title=Software company SCO gets help from Norris and a Middle East investor, hopes to go private|date=February 15, 2008|agency=Associated Press|newspaper=International Herald Tribune}}</ref>
+===SCO Group assets and UnXis===
+The interest of Stephen Norris Capital Partners in the [[SCO Group]] started in February 2008, when it put forward a $100 million reorganization and debt financing plan for the failing company, which it planned to take private.<ref name="ars-2008-0">{{cite news | url=https://arstechnica.com/tech-policy/2008/02/private-equity-firm-pours-100-million-into-sco-money-pit/ | title=Private equity firm pours $100 million into SCO money pit | author-first=Ryan | author-last=Paul | work=Ars Technica | date=February 15, 2008}}</ref><ref name="wsj-2008">{{cite news | url=https://www.wsj.com/articles/SB120301098306668879 | title=SCO Gets Up to $100 Million Financing  | author-first=John | author-last=Flowers | newspaper=The Wall Street Journal | date=February 14, 2008}}</ref>  There was also an unnamed Middle East partner in the proposed deal; the [[Associated Press]] reported that Prince [[Al-Waleed bin Talal]] of Saudi Arabia was involved.<ref>{{cite web|url=http://www.iht.com/articles/ap/2008/02/15/business/NA-FIN-US-SCO-Group-Investors.php|title=Software company SCO gets help from Norris and a Middle East investor, hopes to go private|date=February 15, 2008|agency=Associated Press|newspaper=International Herald Tribune}}</ref>
-After a few months of [[due diligence]] investigation of SCO's operations, finances, and legal situation,<ref name="dh-2008">{{cite news | url=https://www.heraldextra.com/business/sco-negotiating-new-ch-plan/article_15707ee3-d5d9-51ad-a0a1-ca9152dbe21d.html | title=SCO negotiating new Ch. 11 plan  | author-first=Grace | author-last=Leong | newspaper=Daily Herald | location=Provo, Utah | date=April 3, 2008 }}</ref> Stephen Norris Capital Partners considered a different course of action, instead proposing to purchase SCO assets outright.<ref name="ars-2008">{{cite news | url=https://arstechnica.com/uncategorized/2008/04/sco-reorganization-plan-crumbles-as-company-dies/ | title=Bankruptcy trustee skeptical as SCO punts on reorg plan | author-first=Ryan | author-last=Paul | work=Ars Technica | date=April 3, 2008}}</ref><ref>{{cite news | url=http://deseretnews.com/article/1,5143,695266913,00.html | title=Insolvent SCO scraps its reorganization plan | author-first=Steven | author-last=Church | agency=Bloomberg News | newspaper=Deseret News | date=April 3, 2008 | archive-url=https://web.archive.org/web/20080407031149/http://deseretnews.com/article/1,5143,695266913,00.html | archive-date=April 7, 2008}}</ref>
+After a few months of [[due diligence]] investigation of SCO's operations, finances, and legal situation,<ref name="dh-2008">{{cite news | url=https://www.heraldextra.com/business/sco-negotiating-new-ch-plan/article_15707ee3-d5d9-51ad-a0a1-ca9152dbe21d.html | title=SCO negotiating new Ch. 11 plan  | author-first=Grace | author-last=Leong | newspaper=Daily Herald | location=Provo, Utah | date=April 3, 2008 }}</ref> Stephen Norris Capital Partners considered a different course of action, instead proposing to purchase SCO assets outright.<ref name="ars-2008">{{cite news | url=https://arstechnica.com/uncategorized/2008/04/sco-reorganization-plan-crumbles-as-company-dies/ | title=Bankruptcy trustee skeptical as SCO punts on reorg plan | author-first=Ryan | author-last=Paul | work=Ars Technica | date=April 3, 2008}}</ref><ref>{{cite news | url=http://deseretnews.com/article/1,5143,695266913,00.html | title=Insolvent SCO scraps its reorganization plan | author-first=Steven | author-last=Church | agency=Bloomberg News | newspaper=Deseret News | date=April 3, 2008 | archive-url=https://web.archive.org/web/20080407031149/http://deseretnews.com/article/1,5143,695266913,00.html | archive-date=April 7, 2008}}</ref><ref>{{cite web | url=http://www.sco.com/2008forum/ | title=SCO Tec Forum 2008 | publisher=The SCO Group | access-date=December 21, 2019}} See [http://www.sco.com/2008forum/presentations/2008_TecForum_keynote_FINAL.pdf keynote presentation], slide 39ff.</ref>
-Norris appeared on stage at the [[SCO Tec Forum 2008]] company developer and partner conference in Las Vegas in October 2008, where possible acquisition and investments plans were shown to attendees.<ref>{{cite web | url=http://www.sco.com/2008forum/ | title=SCO Tec Forum 2008 | publisher=The SCO Group | access-date=December 21, 2019}} See [http://www.sco.com/2008forum/presentations/2008_TecForum_keynote_FINAL.pdf keynote presentation], slide 39ff.</ref>
-Neither of those plans went forward,<ref name="slt-2011-0"/> and instead in June 2009 a new proposal emerged from a combination of Gulf Capital Partners, of which Stephen Norris was an investor, and [[MerchantBridge]], a London-based, Middle East-focused private equity group, to create an entity called UnXis, which would then buy SCO's software business assets for $2.4 million.<ref name="ars-2009">{{cite news | url=https://arstechnica.com/information-technology/2009/06/sco-wants-to-keep-waging-legal-war-after-24m-asset-sale/ | title=SCO wants to keep waging legal war after $2.4M asset sale | author-first=Ryan | author-last=Paul | work=Ars Technica | date=June 23, 2009}}</ref><ref name="dh-2009"/>  At that point the SCO Group had fewer than 70 employees left.<ref name="dh-2009">{{cite news | url=https://www.newspapers.com/image/467096133/?terms=unxis | title=SCO to resume fight with Novell, IBM | author-first=Grace | author-last=Leong | newspaper=Daily Herald | location=Provo, Utah | date=August 26, 2009 | page=B4 | via=Newspapers.com}}</ref>
+Neither of those plans went forward,<ref name="slt-2011-0"/> and instead in June 2009 a new proposal emerged from a combination of Gulf Capital Partners, of which Stephen Norris was an investor, and [[MerchantBridge]], a London-based, Middle East-focused private equity group, to create an entity called [[UnXis]], which would then buy SCO's software business assets for $2.4 million.<ref name="ars-2009">{{cite news | url=https://arstechnica.com/information-technology/2009/06/sco-wants-to-keep-waging-legal-war-after-24m-asset-sale/ | title=SCO wants to keep waging legal war after $2.4M asset sale | author-first=Ryan | author-last=Paul | work=Ars Technica | date=June 23, 2009}}</ref><ref name="dh-2009">{{cite news | url=https://www.newspapers.com/image/467096133/?terms=unxis | title=SCO to resume fight with Novell, IBM | author-first=Grace | author-last=Leong | newspaper=Daily Herald | location=Provo, Utah | date=August 26, 2009 | page=B4 | via=Newspapers.com}}</ref>
-That plan, too, did not move forward.  In April 2010, SCO's mobility software assets were sold to its former CEO, [[Darl McBride]], for $100,000.<ref>{{cite news | url=http://www.groklaw.net/article.php?story=20100407163945117 | title=Darl Buys (Not Licenses) SCO's Mobility Assets for $100,000 - Updated 4Xs | author-first=Pamela | author-last=Jones | publisher=Groklaw | date=April 7, 2010}}</ref>  In September 2010 the SCO Group put up the remainder of its non-lawsuit assets for public auction.<ref name="iw-2010">{{cite news | url=https://www.infoworld.com/article/2626062/sco-puts-unix-assets-up-for-auction.html | title=SCO puts Unix assets up for auction | author-first=Joab | author-last=Jackson | magazine=InfoWorld | date=September 16, 2010}}</ref>
+That plan did not move forward either. In April 2010, SCO's mobility software assets were sold to its former CEO, [[Darl McBride]], for $100,000.<ref>{{cite news | url=http://www.groklaw.net/article.php?story=20100407163945117 | title=Darl Buys (Not Licenses) SCO's Mobility Assets for $100,000 - Updated 4Xs | author-first=Pamela | author-last=Jones | publisher=Groklaw | date=April 7, 2010}}</ref>  In September 2010 the SCO Group put up the remainder of its non-lawsuit assets for public auction.<ref name="iw-2010">{{cite news | url=https://www.infoworld.com/article/2626062/sco-puts-unix-assets-up-for-auction.html | title=SCO puts Unix assets up for auction | author-first=Joab | author-last=Jackson | magazine=InfoWorld | date=September 16, 2010}}</ref>
 Thus in February 2011, another proposal was made, this time for $600,000, with this iteration of UnXis being backed by Norris, MerchantBridge, and Gerson Global Advisors.<ref name="slt-2011-0">{{cite news | url=https://archive.sltrib.com/article.php?id=51223086&itype=CMSID | title=Utah's SCO in deal to sell Unix operating system | author-first=Tom | author-last=Harvey | newspaper=The Salt Lake Tribune | date= February 14, 2011}}</ref>
-Some industry analysts were unsure of why Norris and his partners were wanting to acquire the SCO [[Unix]] software assets in the first place.  In 2008 Ryan Paul of ''[[Ars Technica]]'' noted that "UnixWare, SCO's flagship product, hasn't seen a new release in four years."<ref name="ars-2008-0"/>  Veteran technology journalist Maureen O'Gara, who earlier during the SCO–Linux disputes had been accused of engaging in pro-SCO actions,<ref>{{cite news | url=https://www.cnet.com/news/groklaw-privacy-spat-ends-linux-business-news-column/ | title=Groklaw privacy spat ends Linux Business News column | author-first=Declan | author-last=McCullagh | publisher=CNET | date=May 10, 2005}}</ref> in 2011 called UnXis an "odd venture" which had "been offering to buy SCO since mid-2009 for reasons that aren't patently obvious to anybody."<ref name="mog-2011">{{cite news | url=http://www.cloudcomputingexpo.com/node/1750109 | title=Bankruptcy Court Says SCO Can Sell Its OS Assets | author-first=Maureen | author-last=O'Gara | publisher=SYS-CON Media | date=March 13, 2011}}</ref> In any case, the bankruptcy court approved this proposal, as the only other bid submitted was for $18.<ref name="slt-2011-1">{{cite news | url=https://archive.sltrib.com/article.php?id=51388798&itype=cmsid | title=Judge approves sale of SCO's Unix system | author-first=Tom | author-last=Harvey | newspaper=The Salt Lake Tribune | date= March 8, 2011}}</ref>
+Some industry analysts were unsure of why Norris and his partners were wanting to acquire the SCO [[Unix]] software assets. In 2008 Ryan Paul of ''[[Ars Technica]]'' noted that "UnixWare, SCO's flagship product, hasn't seen a new release in four years."<ref name="ars-2008-0"/>  Veteran technology journalist Maureen O'Gara in 2011 called UnXis an "odd venture" which had "been offering to buy SCO since mid-2009 for reasons that aren't patently obvious to anybody."<ref name="mog-2011">{{cite news | url=http://www.cloudcomputingexpo.com/node/1750109 | title=Bankruptcy Court Says SCO Can Sell Its OS Assets | author-first=Maureen | author-last=O'Gara | publisher=SYS-CON Media | date=March 13, 2011}}</ref>
+In early March 2011, the bankruptcy court approved the sale of the Unix computer operating system to Norris's new company UnXis, since the only other bid submitted was for $18.<ref name="slt-2011-1">{{cite news | url=https://archive.sltrib.com/article.php?id=51388798&itype=cmsid | title=Judge approves sale of SCO's Unix system | author-first=Tom | author-last=Harvey | newspaper=The Salt Lake Tribune | date= March 8, 2011}}</ref> The sale closed in April 2011, with Stephen Norris Capital Partners and MerchantBridge being the final buyers, and [[UnXis]] was formed in substance.<ref name="slt-unxis">{{cite news| url=http://www.sltrib.com/sltrib/money/51606446-79/unix-sco-bolandz-bankruptcy.html.csp| title=SCO closes sale of Unix system to Nevada company| author-last=Harvey| author-first=Tom| date=April 11, 2011| newspaper=The Salt Lake Tribune}}</ref> MerchantBridge had 25 percent ownership of UnXis and Gulf Capital Partners had another 25 percent.<ref name="mog-2011"/>
+UnXis took over the product names, ownership, and maintenance of The SCO Group's flagship operating system products, [[OpenServer]] and [[UnixWare]],<ref name="zdnet-2011" /><ref name="slt-tsg">{{cite news| url=http://archive.sltrib.com/article.php?id=22532518&itype=storyID| title=Former SCO Group wants bankruptcy converted to liquidation| author-first=Tom| author-last=Harvey| newspaper=The Salt Lake Tribune| date=August 10, 2012}}</ref> and some {{val|32000}} service contracts for existing SCO Group customers.<ref name="ap-2011"/><ref>{{cite news | url=https://in.pcmag.com/linuxazi/31192/sco-group-assets-officially-sold-to-unxis | title=SCO Group Assets Officially Sold to UnXis | author-first=Mark | author-last=Hachman | magazine=PC World | date=April 12, 2011}}</ref><ref name="slt-unxis"/>
+The SCO Group's litigation rights against [[IBM]] and [[Novell]] did not transfer to UnXis, and The SCO Group subsequently renamed itself to [[The TSG Group]].<ref name="slt-unxis" /><ref name="slt-tsg" /> UnXis indicated that it had no involvement or interest in any ongoing aspects of those actions, stating "There is no place for litigation in our vision or plan",<ref name="zdnet-2011">{{cite news| url=http://www.zdnet.com/blog/open-source/sco-is-dead-sco-unix-lives-on/8685| archive-url=https://web.archive.org/web/20110417235714/http://www.zdnet.com/blog/open-source/sco-is-dead-sco-unix-lives-on/8685| url-status=dead| archive-date=April 17, 2011| title=SCO is dead, SCO Unix lives on| author-first=Steven J.| author-last=Vaughan-Nichols| publisher=ZDNet| date=April 14, 2011}}</ref> and UnXis was indemnified from any legal costs of ongoing litigation.<ref name="ap-2011"/>
+UnXis was initially headquartered in [[Las Vegas, Nevada]].<ref name="ap-2011">{{cite news | url=https://www.newspapers.com/image/286827230/?terms=unxis | title=Las Vegas company buys Unix | author-first=Josh | author-last=Loftin | agency=Associated Press | newspaper=The Spectrum & Daily News | location=St. George, Utah | date=April 14, 2011 | page=C2 | via=Newspapers.com}}</ref>  Its CEO was Richard Bolandz,<ref name="slt-unxis" /> who was a former CIO of [[Qwest Communications]].<ref name="zdnet-2011"/>  Norris was chair of the board of UnXis and Eric Le Blan, a senior partner with MerchantBridge, was vice-chair.<ref name="mog-2011"/>  Several existing SCO Group executives took on C-Suite level positions.<ref name="mog-2011"/>
+In June 2013, UnXis changed its name to [[Xinuos]].<ref name="name-change">{{cite press release | url=http://www.xinuos.com/index.php/xinuos/news/96-pr-unxis-renamed-xinuos | title=UnXis, Inc. announced today that it has changed its corporate name to Xinuos, Inc. | publisher=Xinuos | date=June 12, 2013}}</ref>
+===Other ventures===
-In July 2009, Norris joined the Board of [[Xinuos]].{{citation needed|date=April 2024}}
+In July 2014, Norris joined the board of the Florida-based company Global Digital Solutions.<ref>{{cite web|url=http://deseretnews.com/dn/view/0,1249,695253189,00.html|archive-url=https://web.archive.org/web/20080517153356/http://deseretnews.com/dn/view/0,1249,695253189,00.html|url-status=dead|archive-date=May 17, 2008|title=SCO Group plans to go private with $100 million investment|accessdate=2008-03-06|publisher=[[Deseret Morning News]]}}</ref>
 ==References==
-{{Reflist}}http://www.gdsi.co/page63.html
+{{Reflist}}
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